Sapphire Contracts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI690090

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets			5,101		5,101
Tangible Assets	4		46,351		17,965

			51,452		23,066
CURRENT ASSETS
Debtors	5	282,062		158,505
Cash at bank and in hand		146,462		59,522

		428,524		218,027
Creditors: Amounts Falling Due Within One Year	6	(178,803 )		(80,628 )

NET CURRENT ASSETS (LIABILITIES)			249,721		137,399

TOTAL ASSETS LESS CURRENT LIABILITIES			301,173		160,465

Creditors: Amounts Falling Due After More Than One Year	7		-		(20,000 )

NET ASSETS			301,173		140,465

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			301,172		140,464

SHAREHOLDERS' FUNDS			301,173		140,465

Page 1

Page 2

Sapphire Contracts Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Sylvia Wan

Director

8 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sapphire Contracts Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI690090 . The registered office is 25-27 Edward Street, Portadown, Co Armagh, BT62 3NE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is Vehicle Registration Plate acquired by the company. It is initially recorded at historical cost. Because registration plates do not expire or lose value over time through use, they are not amortised. Instead, they are tested annually for impairment, or more frequently if events indicate that the carrying value may not be recoverable. If the market value falls below thew carrying value , an impairment loss is recognised in the income statement.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Sapphire Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	5,679	14,800	20,479
Additions	35,002	-	35,002

As at 31 December 2025	40,681	14,800	55,481

Depreciation
As at 1 January 2025	14	2,500	2,514
Provided during the period	3,541	3,075	6,616

As at 31 December 2025	3,555	5,575	9,130

Net Book Value
As at 31 December 2025	37,126	9,225	46,351

As at 1 January 2025	5,665	12,300	17,965

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	248,868	131,292
Other debtors	33,194	27,213

	282,062	158,505

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	100,570	26,033
Other creditors	15,412	19,261
Taxation and social security	62,821	35,334

	178,803	80,628

Page 4

Page 5

Sapphire Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Verner Surveying Ltd Loan	-	20,000

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

Page 5